Topic: I lost my life savings trading Bitcoin Don't be like me. (Read 442 times)

I had this feeling when I lost big for the first time in gambling, not with trading. Somehow I came out of it. There is lot to go forward and achieve in life, we should not go down. What you've done is really good. When you were able to share it, you feel relieved and relaxed.

Based on the way op have shared the incident it looks like he had been trading and he could've been making mere profit out of trading. To make better money he could've shown interest into gambling. This could've caused him to loss big.

I've been through the same thing as you. Sometimes life can be very difficult and we can feel lost. But the important thing is that we should not take everything on our own. Seek help from those around you, like family and friends. It's not a weak thing, but a powerful move indeed. And about investing, always research carefully before participating, because investing always comes with risks. Don't forget that you can overcome challenges and find positive direction.

I think defeat can be a valuable lesson for yourself, namely so that you become a more careful person in every action you will take in the future. But giving up is another mistake to avoid if you don't want to disappoint your family. You just have to get up and start working to produce more than you have lost. It doesn't matter how much time you need to make up for the losses you have suffered. But when you try and fight hard, one day your hard work will produce extraordinary things.

Believe me, many successful people start from a failure. I don't want to say I was successful. But I ever at a point where I lost all my capital. But I didn't give up and when I returned I struggled with the lessons I had learned from failure. Which then led me to a better life now.

And I personally want to say that fast trading should be avoided by anyone who is still not ready with scientific discipline and experience in trading Crypto. Because to be successful in daily trading, not only do we have to master technical, fundamental and sentimental analysis. But we also have enough insight and enough experience in managing or managing our emotions. There is indeed a lesson about trading psychology. But that's just theory and practice is more difficult than theory says. So what plays an important role in this case is experience.
Another secret in the world of crypto trading is that we have to have information earlier than anyone else. that's why people are willing to pay more to enter the VIP class. not to get a signal but to get information faster. Beginners enter the VIP channel because they believe they can get benefits from the signals shared by the VIP channel. even though it was a small mistake that could cost them a big loss. Because basically we enter many channels, both free and paid, to get information faster than what other people get. And for trading signals, it would be better if we did our own analysis based on the information we have got.

Remember that technical analysis has a very small chance of success when compared to fundamental analysis. and remember that fundamental analysis also sometimes misses if it is not accompanied by sentimental analysis. And we can fail to do sentimental analysis if we do not master emotional management and risk management and trading psychology.

Broadly speaking I hope no one ever thinks trading is easy. It's not just fast trading but so is it in long and medium term investing. DYOR

Don't just give up like this. Many people have experienced huge losses in trading, yet many of them have found the strength to overcome this big problem and regain the money they lost. It won't be easy to be honest but it requires dedication and hard work to achieve. It's also important to learn from your mistakes and make sure that you don't repeat them – never again.

It's normal to feel depressed and believe that you're at your lowest point but it's important not to dwell on those emotions and avoid excessive overthinking. Instead, focus on moving forward as soon as possible. Set clear goals to recover the lost funds and seek support from those who are close to you in real life.

Very sorry for your loss, and this could have happened to anyone, not just you. I mean there are people who may have lost more than you can possibly imagine, but one thing I can assure you is that it's not the end of life.
You may have lost a lot, but I encourage and challenge you to get up and get going. Learn the lesson, and make better decisions next time.

"Easy" trading is anything but easy. I remember the first I wanted to try it and I wanted to do this because of all the series of good news I have been hearing from people all around me saying that trading is the new way to make money and if there is one thing human likes doing is looking for way to actually earn money and easy ways for the lazy for the lazy ones which I was before and this sudden rush to trade got me to lose some tangible funds I have planned for others all in the name of making quick cash just like what the OP has experienced and I took this lose as a challenge as I vowed never to get involved in something I don't have full knowledge about.

Here I was thinking crypto users just buy, hodl and sell (or vice versa)their bitcoins and they call it trading  ..

Besides, anything that involves liquidation of a position is definitely considered pro trading as this is the more risker than the basic trading of buy low and sell high kind of trading, and reading  the write up by the OP...I want to believe this was as a result of pro trading and doing this kind of trading myself, the trick is perfecting your trading skills and getting your risk management skills on point and you should be okay!
Otherwise losing your life's saving is always going to hurt anybody but if you commit to make profits in this industry,  don't give up..keep trying but on a demo account or something.

Hey there - wake up and see how cruel the world is. You shouldn't get discouraged by losses - they are a consequence of trading.

Don't let this bad experience just destroy your world - so wake up and create a better tomorrow with your experience today. Investing and trading is a risky activity - so it's okay if you fall once but next time you can still build your dream. Just don't be greedy.

You are not single man in the world face this issue and no need to be worry for past loss. I know this is not easy task to be patient after big loss but there is no other way. win and loss is the part of life whether it is BTC trading or other goods business and we always should enter in any business with proper strategies and after well learning.

I feel regret to saw your post but i believe that if you act with little courage i hope you will overcome your loss. Many user lost first and after a good try they at last win in this race.

OP you said that it might be your last post to the world but could you give us reply where and how you loss life savings?

1: You have been scammed by someone or traded in scam trading project?

2: You trade futures with high leverage and liquidated?

Failure is the pillar of success. Take this as a lesson and learn from it. Make sure next time you take the right steps and gain the right knowledge before starting trading. Remember, you can earn back what you have lost, but you can never get your life back once it's gone. There are people who depend on you. When you are gone, you will feel nothing! They will be the one to suffer.
Think about them before you take any bold decision. These are the phase of your life. If you can overcome them, only then you can become successful. There's also a saying, "trading is not for everyone". So if you think you can not do it anymore, there are other options available. Life is full of opportunities if you are capable enough. Make yourself capable and pursue those. Don't look for shortcuts as it will lead to something that you are already experiencing. Take care of yourself and give it some time... everything will be all right.

No need to feel sorry for yourself. No one is actually excuse from the inevitable losses in trading. Most especially if you trade out from greed, and with no sufficient knowledge and experience as well that made you completely lose from trading. But hey, you are not the only one suffering from this. In fact, a lot of newbies and even professional traders have their own fair share of losses, but they never quit, instead they make it as a motivation to be wiser and more cautious when trading, and that will only happen if you are knowledgeable on the risks that are involved in trading.

Trading is like gambling if you have no concrete plans or analyses. It is like you are guessing what move would be next for that token and that is definitely a no-no. This is not only with Bitcoin but to all cryptocurrencies in the market. Check your vision; if you are for instant profit then try to learn reading the charts, candles, and volume. But if you're okay with long term trading then simply be patient of waiting for its market value to increase. To put it simple; if you want more profit then you should provide more knowledge. Only less than 10% of traders are really profitable. You may hit some wins but in the long run, having no plan at all will just consume your money, no doubt.

Sorry, mate. Pick yourself up from this mess and try something different again. Really, there's some point in our lives where we do make mistakes due to lack of experience and inappropriate knowledge for what we decided to do, but you just gat to keep moving; you don't restrain yourself because of your mistake, but rather, you learn from it and make amends.

For you to lose your entire life savings, I think you have been trading and losing, and yet you keep trading. Learn to stop when you see that something you're working on is not yielding any positive results but rather causing you more loss than profit; that way, you will prevent more loss. I think if you must start all over again, then you could just rather invest in Bitcoin and hold than trade; you can just turn a great holder, and that way, you will still make profit.

Having a failed attempts the first time doesn't mean you're a failure completely, if i were you then I will take up the challenge and wake up to get back at it the second time and claim back what has already been taken from me, no one is above a mistake but we shouldn't let it come back to occurrence the second time, now that you've realized, why not take up the challenges if others are making money from bitcoin investment and get determined to also be in their category and make something different, don't loose hope and never give up on yourself.

I know how sorry and pitiful this story is, but I just want to point you to certain facts.
Firstly, I don't think this is the first money you have lost. It just happens to be lost on something you thought could double your gains, which is trading BTC.
Secondly, am sure it wasn't at once you lost it all, because if it is, then I would advise you abstain from whoever or whatever habits that must have pushed you to this height.
Thirdly,  it's funny you only discovered this Bitcoin forum after you had encountered failure in trading, because belonging here early on could have answered whatever questions you had before embarking on such a trade.
Furthermore, people have lost way more in investment than you can imagine, but with hope and tenacity they rebounded, and seeing you are new here, I can tell you are hopeful and would rebound sooner than expected.

Think of a way forward, and the way will be lit for you!

Op, I think there's no need to diminish oneself, and losing life savings is not the end of the world. I do hope you'll read the messages and realize it, see how many people here think so. Some people have zero savings and live from salary to salary. I've been in that place, where sometimes I struggled to even properly cover the basic needs and couldn't even dream of savings. Some people not only have no savings, but also have tons of debt. And some have the sort of debt they can gradually repay, whereas others have debt they can't repay and live in a place where things can get very violent because of that.
If you had savings before, there's likely a way to gather new savings in the future, but there's no need to focus on that right away. Yes, it's soul-crushing to go through such a change and to realize one's mistake, but taking things slow and trying to come out as a stronger person is totally an option.
Also, please call a suicide prevention line if that's where your thoughts are currently leading you.

don't be too sad, friend, and don't blame yourself too much, you are not alone, and feel like the stupidest person who previously thought that you were great, and trading is an easy way to earn money. make it a lesson and start to bounce back once you feel calm. the phase that must be passed and the main lesson is a mental crisis, because of our stupid actions, but that is commonly experienced by many people and the next stage you have to learn a lot if you want to be friendly with the market

I’ve heard this story so many times. Even in bull markets. The sad part is most of the time all people had to do was just hold Bitcoin. I wish people would get in the habit of buying and holding BTC and if they want to gamble or trade, do it with your stocks and cash. Then maybe you’ll take less risks. BTC should be for stacking though. Make your wallet one way only, growing.

The first thing you should always remember in your head is that in this world there are no get-rich-quick options, whatever you do requires process and knowledge. Bitcoin investment is like a double-edged sword, you need prior knowledge before getting involved in it. Let the loss that you just experienced be your personal secret without having to tell everything to your family. When you dare to do, then you must dare to take responsibility.

The failure that you just experienced can still be redeemed by success, you can learn from experience to turn failure into success. There is still time for you to make amends for all the mistakes you have made, as long as you are willing to learn and develop knowledge in investing in Bitcoin, you will reach a point of success.

Hey Op,  don't kill yourself because you lost your life-saving in trading, though I know the pains that come with it,  however, that's not the end of the world for you. you are not the first person to have lost his/her life savings and still, today are profitable traders and have recovered all that was lost, and you too can do the same if you can identify things you do that brought about the losses, what do I mean in essence is that you should learn lessons from this and if you have checked yourself and want to quite good.

Lastly, I think you need to rest and get more knowledge about trading before starting to trade again.

Sorry for your experience, but that experience would be a lesson for you please don't take it bad for yourself because your only intention was to earn money. Well you can really earn in trading but if you rush things out you will just get pressured which affect your thinking and skills. It's alright to share your burden even here the forum just remind that when there's a risky thing that you are going to do, please invest in yourself first with knowledge and time. Easy money is possible but of course it has a high tendency of risk which can result to your situation. Please talk to someone, find help there's nothing wrong with opening up your problems with anyone. For sure there's still someone that can understand your efforts and feelings.

No matter what happens, you can't take your own life if I understand you correctly. Suicide is not an option. Thus, your family will have even more problems, mainly psychological ones, you should not let this happen.
Remember, no matter what you face, no matter what problem happens to you - remember that there are people who have been in this or a more difficult situation and who managed to solve everything.
I think that you have no right to give up, you should solve these issues, then write a book about this situation and which will be an example for people who think they are in a hopeless situation. God will support your determination. You can't give up

Don't feel sad @OP. You are not alone because many people still have not been able to earn or make money quickly. Everything requires a process to get something, so we have to be patient to go through it.

Don't give up @OP, because who knows, the next step will determine your success in getting what you want. It's only a matter of time and we are all still living it and rest assured that you can and have the opportunity to get it. We deserve what we want but must be patient and keep going.

Let's walk that path together and learn to get what we want. Experience is the best teacher that can be a lesson for the future so we must keep trying.

I will advise you to understand what the word tradings is.
And it all depends on the platform you involved in, my contribution to this is that.
You shouldn’t listen to anyone telling he trades bitcoin.
If you have the hug of trading all you should do is to understand the bitcoin chat and follow some new and some thing that effect the increase and decrease of bitcoin.
Follow bitcoin talk and what it trending.
You will know when to buy and wait.
Just be careful and don’t be scared of losing always try to do new things because you are leaning.

If you are trading in cryptocurrencies like bitcoin, don't be quick to say you have failed. Because in the crypto market, especially the bitcoin market, you make trades, which is certain in these trades there must be something called price increases and price decreases. So if you feel like a failure just because the crypto/bitcoin asset you bought has decreased, it's actually not a failure, but rather a market price cycle in bitcoin trading that you probably haven't learned about. Because as you said in your post, in fact you are too ambitious to be able to achieve big profits but want it in a very fast time. You need to know in the world of investing or trading bitcoin, having a rush without careful calculation is indeed very dangerous and can make you fall into a loss.

Maybe you don't learn thoroughly about how to invest or trade properly in the crypto market, especially bitcoin. The second possibility is that you also don't seem to have studied in depth about the origin of bitcoin and how the volatility of its market price is. Because investing or trading in bitcoin, actually for now, there is no very deep price drop. For example, if there is a decrease too, you just have to wait until the price goes up again.

So what actually happens to your bitcoin asset, do you buy it and then the price goes down, then you sell it at the price that goes down?

I am about to sound very harsh but I think you deserve it, you want to start trading you know nothing about trading then you decide to use all your life savings for trading, are you stupid or something? are you on drugs?

we are talking about your life saving here man, I'm starting not to believe this story of yours, i  don't think this is true I think you just made it up, just for topic-creating sake, you are just looking for attention or something, this can't be true, Life saving takes decades of savings and hard-working you can't just decide one day to start trading with all your life savings something you have been Gathering for the past years it is not possible..

I won't believe unless you show some facts through screenshots.

Listen, suicide isn't a way to end your life because there are still many thing you can do in this life before you die.

Maybe you hate with Bitcoin since that's the way you lose all of your money, it's fine if you never want to touch Bitcoin anymore because Bitcoin isn't the only one currency or investment in this world. If you can get up from your lowest condition, I believe you will become a very strong person.

Sorry for your loss, although many people have made a lot of money from bitcoin, it has also caused many people to lose a lot, even lose everything like you. Because bitcoin is an investment, there are risks in addition to returns.

You are newbie, I would advise you to stay away from trading, it is not for newbies and it is not something that can make us rich quick. If you still want to invest in bitcoin, still want to try again, I suggest you start with holding, stay away from trading if you are willing to lose. Failure is the mother of success, no one succeeds without ever failing, so don't give up, get up and start over.

I share your sorrow regarding the unfortunate incident that befell you, causing a significant impact on your finances. The notion of generating wealth through minimal effort is not a path to instant success. While you managed to engage in trading and accumulate substantial wealth, only to lose it, the allure of alternative investment methods will continue to tempt you, potentially leading you into future pitfalls. Ultimately, a scenario akin to your present experience will unfold; only the timing will differ.

True triumph lies in embracing the journey. Instant gratification is ephemeral in nature. Through this process, you will refine yourself to wield command over your assets. The more adept you become at managing finances, the more sources of income will bestow their benefits upon you.

Therefore, consider embarking anew, even when you are youthful. A single misstep does not equate to permanent cessation. It should serve as the impetus to rise once more.

Profit and loss are associated with every business.If you have traded in the cryptocurrency market without experience and knowledge, then this is definitely the reason for your loss.Easy and quick money can be made here,but inexperienced people easily lose money here.However, mistakes are made by humans.Try to manage yourself. Share your problem with your family and friends.The result will be better in your favor .If you regret your mistake, that is also a good thing.Don't think of yourself as a failure There are many people who have made huge losses in business or trade, but they didn't embrace failure, rather they turned failure into success with their hard work and effort.Life is very precious and the world is very wide. If one door closes, a hundred doors open.So one should never despair of life.

If you are saying this means you need to see a therapist ASAP.


I hope you are okay.

---

If anyone put themselves in this situation then all you need to know is its part of succeeding and you can't expect to become rich in your first swing itself cause in the real world it may take 10 times, or 100, or even 1 million but the take away should be what did you wrong while you lost instead of thinking why you lost.

This has nothing to do with Bitcoin, it's all about impatience and lack of knowledge on something that they are about to risk their money.

Trading isn't easy there's risk to it. You won't be alone who's made losses others make losses every day because it's process of trading. You didn't say important details. Where you traded how much you lost was it savings or loans from banks. Give more info.

Exactly.

Do not trade just because someone says on social media that you will make lots of money. Usually, that only happens if you're also experienced at trading, which is a job like other jobs, and so requires years of training and practice.

Delete all exchanges, Robinhood, and other stock traders and only use an exchange if you need to deposit and withdraw money.

Hey my friend, you made a mistake and that's all, there is absolutely no need being so hard on yourself, you lost money that's right, but its just money you lost, don't loose your life also bud, that will be the worst loss ever, remember that money you lost is not worth your life, no matter how much we are talking about, stay alive and trust in God, i tell you that you will recover all that you think you've lost in the shortest period of time.

If you are here and can still read this, please don't go that riot you are thinking about going, there is no road there, you will just end up destroying yourself forever, and put your family into perpetual agony, remember, by being alive, you are hopeful for a better tomorrow, while you are alive, you have the opportunity to write your wrongs and make them right, but when gone, all hope and opportunity is lost for ever, don't do that please, you can still recover all the money you have lost in bitcoin, bitcoin never runs away, if you lost money today, bitcoin is still here, go back to your drawing board, write all your wrongs and corrections, train yourself again, prepare and come back better than before, and trust me, bitcoin will pay you back all the money you lost, and even more.

🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀


"..........quick lost ......"

🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀🏀

I got that phrase! Sure he/she will surely get over it.
Sometime's loosing the wrong way, is a pathway to learning the right way.

15 years back i lost money to ebay/paypal scammers!
Today, those experiences  made me a PRO on this platform.


Regards

I think you trade in Bitcoin. If it has fallen below the price you bought, you can wait for a certain period of time. Bitcoin will rise above the price you bought. I can't say this for other cryptocurrencies, but that will be the case for Bitcoin. If you have lost your money in leveraged transactions, get well soon. I never recommend leveraged trading. I think they are obstacles to the development of crypto. Leveraged transactions create a negative image in people's view of crypto.

We may make mistakes in life, but every mistake becomes an experience for us. So start striving for good days. Of course, these bad days will pass.

Hey, you lost some money, but you should not lose your life because of that. There is a lot worse things in the world. But I know how u feel. I lost my health condition when I was 13 years old, after failed surgery I'm disabled, I need wheelchair. No chance to walk again. First months, resp., 2 years, I was totally depressed. But I found a sport, and this move was the starter to my happiness. You just need to restart ur brain and learn from ur mistake.
All good to you mate, especially health!
Fingers crossed, and I will be happy, that u will send a message after one year that u are on the right way

I'm sorry for your loss mate. In my local dialect, we have a adage that says what doesn't kill you can only make you stronger. Some of us here have made some crazy mistakes in the past maybe in ways you could not possibly imagine but we learnt from it, left it in the past and move on. I won't blame you that you would have study more, gain mastery of trading before venturing into it or you would have only traded with what you cannot afford to loss. But what I can tell you is that you have made your own share of mistake and I know it socks. But you can learn from it, put it in the past and please don't do anything suicidal.

Hey bro, rest assured you are not alone there are many people who have experienced more extreme losses.
Make it a lesson so that you are more careful, if you trade in Bitcoin you just need to hold it and don't sell at a low price below the price you bought.

Remember Bitcoin is the best long-term investment, all you need to do is be patient.
But if you trade futures, it will not be saved if you get liquidated.

I have also experienced events where I had to lose my assets from personal savings because of past ignorance.
That will be a lesson for a better future.

I'm sorry for your loss, but I want you to understand that everything that has happened to you has happened because God wanted it to. Every mistake a person makes has its own time, and if you are a trader and have never lost money, you will never know how to avoid mistakes and learn from them. You cannot say that you are ashamed of yourself or that you have let your family down. Every man's demise is not the end, and this provides you with an opportunity to remember that trading is not something to rush into and that investing your money does not guarantee that you will become wealthy over time.

I want you to keep your head up and not consider this a mistake because you have also learned a lesson from it: regardless of how skilled you are at trading or investing in bitcoin, you must be aware of the rules and regulations and understand that you must wait for the right moment to act or that your luck must be on your side so that when you sell your investment, you will make a profit. Gluttony is another factor that led several newbies to lose their life savings, and if they read this thread, they will likely gain a better understanding of the situation.

This is not the end of the world. You've lost money and money can be earned. Debts can be repaid. Your family will be mad for a while, but they will always support you. Taking "accountability for your actions" doesn't mean committing suicide. You have to work hard and earn the money, that you have lost.
How did you lost your savings? "Trading Bitcoin" seems too vague. Where you scammed by somebody? Did you make some wrong decisions by using leverage trading? Other people on the forum might learn from your mistakes. That's why I'm asking.
Failure is something normal. Overcoming your failures is the path to success. Learning from your failures is also the path to success.

Hi friends, loss is not the end of everything, you are not the first person to experience this incident, out there there are still many people who have experienced losses due to investing without knowledge. Never give up, make this bitter experience the most valuable lesson in your life.

You still have a chance to take all the money you just spent trading Bitcoin due to lack of knowledge. The next step you need to find more information on how Bitcoin works and try to increase knowledge in Bitcoin trading. Failure is delayed success, you still have a chance to achieve success after learning from the mistakes you have made in the past.

Sorry heard with your loss, but don't push your self in bad condition without wake up and repair back with your fatal mistake when trading in cryptocurrency. You can learned and take experienced with your mistake losing fund in cryptocurrency and wake up at the future how to be expert and success earn profit with cryptocurrency trading. I can't guarantee with all success businessmen never have fatal mistake, almost of them ever on drop position and try to fault their self but many of success businessmen wake up and get experienced with their mistake.

Come on for learning all important needed when trading in cryptocurrency, have many chance for you wake up from loss in trading and actually you can earn more than loss before.

I have been where you were MANY times, with projects that I took on and then it failed. I had to start right from the bottom with several mistakes and it just made me stronger.

I learnt from my mistakes and I just worked harder to try the next project. Bitcoin is one of my biggest success stories and I am very happy that I stuck with it, until I made 800% profit. I sold expensive vacuum cleaners and participated in failed Ponzi schemes, so I know what you are going through..... just pick yourself up, work even harder... do more research and the success will come. 

The bad thing about these kinds of messages is that you don't know how serious they are, and you don't know the person and can't do anything about it. It contains a veiled threat of suicide, and you can't notify the authorities or emergency services, because you can't check how serious they are, or even where they live.

It would be interesting to know exactly how much he lost and how he lost it, on which platform, etc. but I doubt we will ever know.

Just reiterate from here my words of encouragement that other comrades have dedicated to the OP, and hope he recovers.

Hey man, there are two ways to look at this. First as a loser and second as a lesson learned. I want you to change your perspective and look at if from the second perspective. It is not easy but you should force yourself to see it that way. With this sad experience you have learned the wrong way not trade which is putting all your life's savings trading bitcoin. That means you need good risk management strategy. I do not know your level of skill or experience in trading but you have also learned that practicing with a trading simulator for some months where you use fake money should come before starting live trading. One other lesson you may have learned is that trading should not be an activity that occurs in isolation especially if you are a beginner. You need to be part of a community, you need mentorship. Lastly, we have all made mistakes, as long as you still have life, you can be sure that you still have hope to recover your losses.

I have a rhetorical question: will you choose to get 10 Bitcoins but you need to lose an ability to see everything in this world?

Losing all of the money you have is very hard and it depends on how strong is your mental to start a new journey to build your new castle. You can cry, you can do anything you want etc, but the most important thing is you must survive in this world.

Yes, you deserve what happened to you because of your distorted thoughts about bitcoin. But don't, that's not the end of life, it's just a lesson among thousands of other lessons that we will have to go through in life. You should calm down and find a way to start over, don't be too pessimistic because your life is not only yours, but think about your family. How they will be if you leave them, think of the families of your loved ones. Forget those failures and start over, don't lose faith in life just because of investment losses.

Have a drink, pal, give time to yourself, don't commit something that you'll regret later on, think of your family, not only yourself, and don't do what you are thinking right now because that is just a trial of your life, and if you survive that, for sure you will earn or have it five times more what you've lost right now. Just trust yourself. I know you've been through a lot, but I would suggest talking to your family. I know you've made a mistake, but only they can help you in this kind of situation.

Sorry for your loss,I know how you feel right now. Don't give up on life because you loss in trading. Your life is worth more than the money that you lost and as long there is life there is hope. Let this be a hard lesson for you not to jump into crypto trading especially when you don't understand how to trade. Don't see anything that you are investing into as a get rich quick project. This is where newbies fail to understand that trading is very risky and can suck your funds within a  twinkle of an eye. Most newbies jump into the crypto space to trade and not to hodli which at the end they end up regretting. You are not the first person that has lost all you have on trading and you won't be the last. See trading as gambling and only trade with the amount that you can afford to loss. Try and buy some fraction of bitcoin again and don't think of selling rather think of holding it till 2025 and keep on buying anytime that you can afford it, you might recover your loss by 2025

The fact that you didnt earn as much money trading Bitcoin as you had hoped is both heartbreaking and not all that unusual. Many individuals want to get rich fast, and Bitcoin is a tempting yet brutal way to do it. You failed, but it doesnt define you or your worth. Bitcoin is something many people are proud of and should never be criticized. Even if it didnt work out, you can learn from it and promote Bitcoin, the future of money. Everyone has a horrible experience, but that doesnt mean Bitcoin or your family dont love you

First of all and most important, life is short but you still have a life to live so don't do stupid things. Be strong!

Second, I am happy to see eventually you found a place to share your emotional thinking at this hardest time in your life.
Third, I am sorry for your loss but loss is done and you can not revert it so you must accept it and keep moving toward the future. Sit back, take deep breath and spend a few days or weeks to do things unrelated to Bitcoin and cryptocurrency market. Just don't do stupid things!

By spending cooling down time, you will have better view on what you have done, what are your mistakes and can improve yourself.

My advice, not financial advice, for you

• You traded but are not good with trading. So don't trade again!
• Spending time to digest this fiasco and later, if you still want to be in this market, change to invest in Bitcoin. Bitcoin only, don't invest in altcoins which have bigger risk for you to lose your capital.
• If you decide to invest, apply Dollar Cost Averaging https://dcabtc.com/
• Important to store your bitcoin in non custodial wallet.
  
  • Reminder: do not keep your money in online accounts

Sorry for your loss mate

I am also a trader and at times I have lost money but one thing I learned is not trying to get rich quick (being so greedy) and practicing proper risk management. The mistake you did was you use your life savings to trade, which consequently affected your trading emotions and decisions.

One thing I would love to tell is that there is more to life than what happened to you. What happened to you happens to most people. Read through this crypto confession Twitter Profile, Maybe it can help you heal a bit https://twitter.com/coinfessions

It isn't the end of the world yet, try to find an alternative solution, and don't run with it.
I'm genuinely sorry to hear that you're struggling with these feelings which is sounds like you're carrying a heavy burden and experiencing a lot of self-blame.  Remember that everyone makes mistakes, and it's never too late to seek help and make positive changes in your life.

Consider reaching out to a doctor that's a health professional who can provide you with guidance and support during this difficult time.
They can help you work through these feelings of shame and help you develop strategies to cope with challenges and it's also important to confide in a close friend or family member who can provide emotional support.

Because IMO, seeking help is a sign of strength, you don't have to go through this alone.
There are people who care about you and want to support you on your journey toward healing and personal growth.  Next time, don't rush having Bitcoin trading because that's very risky, at least you have a knowledge on it.

Hey- I wouldn't be so hard on yourself!  I would venture to say that most that get into this space, and start out thinking they're going to make good money through trading.  I spent a few years trading and got crushed the first year or two.  Then, by year 3, I realized that "time in the market is more important than timing the market".  And once you realize that bitcoin will replace ALL fiat money- then you can just add to your position every chance you get.  Just keep adding every pay period, or DCA in, or once a year (if that's all you can do).

It's not about trading, or selling at the top & then putting all your money back in, during a bear market.  It's learning that bitcoin is the best place to store your money, and that it's safe there.  Just think of your bitcoin wallet as your retirement account and safehaven.  Add to it when you can.

Best of luck!  This is a GREAT learning lesson.  Congratulations- most people never learn this valuable one.

Hey mate

Don't think of doing nasty things as world isn't the end due to your failure or inexperience in trading doesn't mean you should do something very silly because of your lost. Have you considered life is far more better than what you thought?
Yes! this is true because just 10k$ or 1M$ can not be quantify or equates to your life simply because you lost your money at the cost of trading or having to get involved with scammer who cheaply swept your funds away from you doesn't mean you should commit suicide for any reason.

There are some people who had gone a long way but they don't give up for any reason, the reason of life is to fall and get up dust yourself and pick a wave and direction to follow instead of wanting to sink to due to a little hit or a silly attack launched to you, why on earth have you been so loose to have gotten your funds swept or do you in any way follows a copy trade or implore a trading bots?
These are the common things that makes man cry so loud because of the malfunctioning of the bots could possible lead to the drain of your account.

And again, something possible could happened to someone in the crypto industry is when you applied so much greed and quest to make profits easily lands you in a quick lost because you were desperate to profits, and the scammers often use those who are desperate to enrich themselves so easily and they easily fall for those cheap scammers.
Well, just brush up and take another wave of your life as I think today is not the end of a man or woman, in as much as you are still breathing you can't overcome dangers and problems. In fact as living beings you would always meet problem at point of your life, it could be today or tomorrow but know it at the back of your mind that is something inevitable, and off course, it could come from family members or children maybe possibly your wife.

Op I’m sorry for your loss. One thing you should realize is that nothing good comes easy I get the fact that you did try to trade in other to get some quick money but it turned out not to be a success. Believe me when I say that they are so many users here in this forum that have been in the same shoe as you currently are and once had the same thought you currently have right now (which is to harm yourself) if they had done anything stupid to themself do you think they would have been able to achieve what they have managed to have now? No.


Like it’s popular said in my locality “Nah who Dey alive Dey fit make corrections” Meaning “Only those alive can right what they did wrong” so if you decide to end your life (as you said in the end part of your post) what effect do you think that will have on your family? Or your friends. You just lost money and if you continue to develop your self I’m 100% sure that you’ll make x10000 of what you just lost today, so take some time off the internet look for activity to engage in so that you can forget what happened because if you should stay idle you’ll surely have some negative thoughts so just go out there and try to forget about what happen and when the urge to harm yourself has subsided you can return back to the forum and I’m sure that forum members will be willing to guide you through your learning journey.

I have once felt like this when I got no hope again some years back, but I was surprised that I was able to overcome the problem before me and not long from that time, I saw more than I was expecting and I was happy to have later thought that if there is life there is hope.

Bitcoin trading is risky. Not only about bitcoin, trading generally is risky. Consider it like gambling. Sorry for your loss.

I am sorry for your loss, if you are involved in a legit trading platform and still holding your Bitcoin, even though you bought Bitcoin at a higher price, you can still wait for the market to recover and eventually sells at a profit.  But if you got baited by a scam company then there is nothing to do but to report this scam to the authority if you happen to know the person that invited or influenced you to invest in such a scam company.

Failure as bad as it seems is also essential for personal growth.  Overcoming this kind of event will make you stronger providing that you learned from your mistakes.  Thouhg I know it is very troublesome but money can be replaced ifyou work hard to recover your loss by finding a new source of income.  And while you are at it, try to learn more about Bitcoins so that you can avoid doing the same mistakes in the future.

Well if you started trading as someone without a decade of knowledge you are obviously not made for trading.
Don't listen to people saying its easy. 

I don't know why am I am posting this here but I wanted someone to talk to. Since I can't talk about this to my family or friends because I am ashamed of myself. I am lazy piece of garbage who tried to make money the easy way, and get rich quick trading. I have failed my family and myself, I deserve everything that happened and will happen to me. It's time to take accountability for my actions. I think this will be my last message to the world, I am sorry